II. NATIONAL INSTITUTIONAL ARRANGEMENTS
[ II | II-A
| II-B | II-C | II-D
| II-E | II-F | II-G
]
A. Ministry of Finance
The Ministry of Finance comprises
two departments and five statutory bodies. The departments are: (a) the Royal
Customs and Excise Department; and (b) the
Valuation and Property Services Department. The statutory bodies under
the Ministry include: (a) Bank Negara
Malaysia (Central Bank); (b) National
Savings Bank; (c) Employees Provident
Fund; (d) Securities Commission;
and (e) Inland Revenue Board.
There are also three development boards that come under the Ministry
of Finance:
-
The Langkawi Development
Authority which was set up primarily to oversee the development of Langkawi
Island as a tourist destination;
-
The Labuan Development Authority
which has been entrusted chiefly with the responsibility of developing
Labuan to a level worthy of its status as an international offshore financial
centre;
-
The Labuan
Offshore Financial Services Authority which was established in February
1996 to promote and develop the offshore financial services of the island.
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